General Mills (NYSE:GIS – Get Free Report) issued its earnings results on Wednesday. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01, Briefing.com reports. The firm had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.80 billion. General Mills had a net margin of 12.57% and a return on equity of 26.56%. The business’s revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.09 earnings per share.
General Mills Stock Performance
Shares of GIS stock opened at $74.90 on Friday. General Mills has a 52-week low of $60.33 and a 52-week high of $75.90. The company has a quick ratio of 0.38, a current ratio of 0.65 and a debt-to-equity ratio of 1.17. The stock has a market cap of $41.81 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 3.86 and a beta of 0.10. The business has a 50-day simple moving average of $69.69 and a 200-day simple moving average of $68.44.
General Mills Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were given a dividend of $0.60 per share. This is an increase from General Mills’s previous quarterly dividend of $0.59. This represents a $2.40 annualized dividend and a yield of 3.20%. The ex-dividend date was Wednesday, July 10th. General Mills’s dividend payout ratio (DPR) is currently 55.68%.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on General Mills
General Mills Company Profile
General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.
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